Infrastructure and Economic Growth

330
DOI: 10.20542/0131-2227-2011-11-18-24

V. Kondrat’ev, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (v.b.kondr@imemo.ru)

Abstract. Theoretical research and empirical calculations provide a persuasive evidence of close relationship between infrastructure and economic growth. Infrastructure costs can directly or indirectly affect the GDP by stimulating private-sector investment and contributing to growth of employment, productivity and exports. Currently, the most dynamically developing infrastructure is in China. Russia significantly lags behind in this process.  

Keywords: infrastructure, economic growth, investment, modernization, competitiveness, employment, jobs, productivity, public-private partnership


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For citation:
Kondratev V. Infrastructure and Economic Growth. World Eonomy and International Relations, 2011, No 11, pp. 18-24. https://doi.org/10.20542/0131-2227-2011-11-18-24



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